NEX partners with Baton Systems 17 October 2017London Reporter: Jenna Lomax
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NEX Optimisation has teamed up with Baton Systems to create a new post-trade financial exchange solution through its NEX Infinity platform.
The agreement means Baton Systems will be the first third party to provide its clients with services through NEX’s Infinity solution.
NEX has been working alongside Baton Systems and a multi-national bank client to deliver the post-trade solution.
The solution, which is due to go live in Q1 2018, combines NEX Optimisation’s existing matching and confirmation services and improve resulting client data with Baton’s settlement and payments services.
According to NEX, the new solution will allow clients to access the solution through one connection, with minimal changes to their infrastructure.
Andrés Choussy, head of trade and portfolio management, said: “This new partnership is exciting because it increases the value of existing services provided by Nex Optimisation and solves the post-trade needs of our client.”
“The new FX post-trade solution has the potential to deliver real transformation for the industry, cutting costs and making it more efficient.”
Arjun Jayarm, founder and CEO of Baton Systems, commented: “[This partnership] allows us to provide an end-to-end post-trade solution to our clients, while providing us with the opportunity to grow our client base by giving us exposure to Nex Optimisation’s clients.”
He added: “We look forward to working with Nex Optimisation to help solve our client’s challenges and bring the new solution to the wider market.”
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